Lincoln Electric Holdings, Inc. (NASDAQ:LECO) declared a quarterly dividend on Wednesday, February 21st, RTT News reports. Shareholders of record on Thursday, March 29th will be paid a dividend of 0.39 per share by the industrial products company on Friday, April 13th. This represents a $1.56 dividend on an annualized basis and a yield of 1.72%.

Lincoln Electric has increased its dividend by an average of 15.0% per year over the last three years and has increased its dividend every year for the last 14 years. Lincoln Electric has a dividend payout ratio of 41.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Lincoln Electric to earn $5.24 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 29.8%.

Shares of Lincoln Electric (LECO) traded up $0.49 during trading on Wednesday, reaching $90.70. 564,647 shares of the company’s stock were exchanged, compared to its average volume of 484,827. The company has a current ratio of 2.55, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75. The stock has a market cap of $5,999.55, a P/E ratio of 24.46, a P/E/G ratio of 1.68 and a beta of 1.04. Lincoln Electric has a fifty-two week low of $81.85 and a fifty-two week high of $101.34.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Wednesday, February 14th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.05. The business had revenue of $747.19 million for the quarter, compared to the consensus estimate of $696.97 million. Lincoln Electric had a net margin of 9.43% and a return on equity of 29.36%. The company’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 EPS. sell-side analysts expect that Lincoln Electric will post 4.72 EPS for the current fiscal year.

LECO has been the topic of a number of research analyst reports. FBR & Co reissued a “buy” rating and set a $115.00 price objective (up from $105.00) on shares of Lincoln Electric in a research report on Friday, October 27th. Stifel Nicolaus reduced their target price on shares of Lincoln Electric from $100.00 to $92.00 and set a “hold” rating on the stock in a research report on Monday, October 30th. Oppenheimer reaffirmed a “hold” rating on shares of Lincoln Electric in a research report on Monday, October 30th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Lincoln Electric in a research report on Monday, October 30th. Finally, Zacks Investment Research raised shares of Lincoln Electric from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Tuesday, October 31st. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $105.20.

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Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.

Dividend History for Lincoln Electric (NASDAQ:LECO)

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